Economics of Non-Timber Forest Products (NTFPS) Marketing in Ikwuano Local Government Area, Abia State, Nigeria (Published)
Non-Timber Forest Products are capable of providing food, medicine and income to sustain livelihood. The study investigated the economics of Non-Timber Forest Products (NTFPs) marketing in Ikwuano Local Government Area, Abia State, Nigeria. Specifically, the study identified the major NTFPs present in the study area; examined the marketing channel of NTFP; ascertained profitability of NTFP marketing as well as constraints faced by the NTFP traders. Forty NTFP traders were interviewed using structured questionnaire from two markets in Ikwuano Local Government Area. Data were analyzed using descriptive statistics, Net Income and Profitability Index. Results showed that trade in NTFPs is profitable with Net Income of N180/2kg and N250/2kg from Ukazi leaf (Gnetum africanum) and oil bean seed (Pentachlethra macrophylla) traded. The profitability index was 0.18kobo and 0.16kobo respectively. There is need for support from research institutes and the government to harness the sustainable extraction and further processing of these NTFPs.